Retail

Amanuel Mekonen, left, of Greystone & Co. sees investment money coming to Philadelphia from New York, while Christophe Terlizzi of KeyBank says the bank likes value-add multifamily projects.

According to Maria Gonzalez of HACE, a community development corporation focused on the Latinx communities, immigrants, millennials and baby boomers have enhanced the city's diversity with their rising interest in urban living.

Majestic Realty Co. continues to expand its footprint in the Portland region including speculative developments, build-to-suit opportunities, lease ups and new land acquisitions.

The buyer of the 113,303 square-foot retail center plans to open in the former Dominick's space.

The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.

Gadsden Growth Properties Inc. acquired the mixed-use ground-up development that includes 158 residential apartment units and 53,900 square feet of retail space for a combination of cash and stock.

While institutional capital hasn't warmed to discount grocery retail centers, private capital has been an active buyer.

Avison Young's new investment sales team of Chris Maling, David Maling and Patrick Barnes is equipped to navigate the investment waters ahead.